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UBS Sticks to Its Buy Rating for Marex Group plc (MRX)

Tipranks - Tipranks - Sat Jan 17, 6:24AM CST

In a report released yesterday, from UBS maintained a Buy rating on Marex Group plc, with a price target of $56.00. The company’s shares closed yesterday at $39.94.

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Currently, the analyst consensus on Marex Group plc is a Strong Buy with an average price target of $53.83, representing a 34.78% upside. In a report released on January 14, TD Cowen also maintained a Buy rating on the stock with a $61.00 price target.

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Based on Marex Group plc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $500.1 million and a net profit of $76.7 million. In comparison, last year the company earned a revenue of $740 million and had a net profit of $102.9 million

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